Jabil Inc (JBL) President Sells $384,193.15 in Stock

Jabil Inc (NYSE:JBL) President William E. Peters sold 13,915 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $27.61, for a total transaction of $384,193.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jabil Inc (NYSE JBL) opened at $27.97 on Friday. Jabil Inc has a 52 week low of $22.88 and a 52 week high of $31.70. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market cap of $4,985.46, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 1.15 and a beta of 0.55.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. equities research analysts predict that Jabil Inc will post 2.06 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. boosted its stake in Jabil by 75.0% during the 4th quarter. Fox Run Management L.L.C. now owns 58,611 shares of the technology company’s stock valued at $1,539,000 after acquiring an additional 25,111 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Jabil by 76.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,340,759 shares of the technology company’s stock valued at $35,195,000 after acquiring an additional 580,370 shares during the last quarter. Creative Planning boosted its stake in Jabil by 66.9% during the 4th quarter. Creative Planning now owns 48,517 shares of the technology company’s stock valued at $1,274,000 after acquiring an additional 19,449 shares during the last quarter. Convergence Investment Partners LLC boosted its stake in Jabil by 278.4% during the 4th quarter. Convergence Investment Partners LLC now owns 156,642 shares of the technology company’s stock valued at $4,112,000 after acquiring an additional 115,243 shares during the last quarter. Finally, Polianta Ltd bought a new position in Jabil during the 4th quarter valued at $1,034,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

JBL has been the subject of several analyst reports. Raymond James Financial restated a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. JPMorgan Chase & Co. restated a “buy” rating and issued a $40.00 target price on shares of Jabil in a research note on Thursday, September 28th. ValuEngine downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, December 18th. Finally, Zacks Investment Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.45.

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Jabil Company Profile

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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